UPDATE: Jefferies Upgrades Finisar

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

In a note issued Tuesday, Jefferies CFA James Kisner upgraded Finisar (NASDAQ: FNSR) from Hold to Buy. Kinser paired this upgrade with a raise to the price target from $24 to $30.Kinser justified this adjustment stating, "Given our checks suggesting very strong demand trends in data center optics and a good backdrop for Telecom optical spend in Calendar Year 2014. We see potential for significant upside to our raised EPS estimates driven by these trends."At last check, Finisar is trading up approximately 3.5 percent at $23.24.

20-Year Pro Trader Reveals His "MoneyLine"

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